MAK CAPITAL ONE LLC Diversified Active

CIK: 0001385702 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $908,833 (100.0% shares, 0.0% debt)

Holdings (23)

New Positions (11)

GGAL GRUPO FINANCIERO GALICIA S.A 8.0%

Value ($000) $72,468 Shares 1,343,488 Est. Cost $53.94 Unrealized —

QCOM QUALCOMM INC 7.4%

Value ($000) $67,396 Shares 394,012 Est. Cost $170.79 Unrealized 0.0%

COUR COURSERA INC 3.0%

Value ($000) $27,610 Shares 3,751,368 Est. Cost $8.71 Unrealized 0.0%

UDMY UDEMY INC 2.4%

Value ($000) $22,053 Shares 3,769,762 Est. Cost $5.83 Unrealized 0.0%

ANNX ANNEXON INC 1.6%

Value ($000) $14,852 Shares 2,958,527 Est. Cost $3.82 Unrealized 0.0%

HNST HONEST CO INC 1.0%

Value ($000) $9,104 Shares 3,528,704 Est. Cost $3.06 Unrealized 0.0%

CVE CENOVUS ENERGY INC 1.0%

Value ($000) $9,083 Shares 536,832 Est. Cost $17.37 Unrealized 0.0%

TALK TALKSPACE INC 0.9%

Value ($000) $8,042 Shares 2,215,336 Est. Cost $3.17 Unrealized 0.0%

MITK MITEK SYS INC 0.7%

Value ($000) $6,690 Shares 634,099 Est. Cost $9.45 Unrealized 0.0%

VPG VISHAY PRECISION GROUP INC 0.2%

Value ($000) $1,972 Shares 51,226 Est. Cost $35.37 Unrealized 0.0%

DAVA ENDAVA PLC 0.2%

Value ($000) $1,789 Shares 283,076 Est. Cost $6.32 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GGAL	GRUPO FINANCIERO GALICIA S.A	1,343,488	$72,468	8.0%	$53.94	—	SPONSORED ADR	399909100
QCOM	QUALCOMM INC	394,012	$67,396	7.4%	$170.79	0.0%	COM	747525103
COUR	COURSERA INC	3,751,368	$27,610	3.0%	$8.71	0.0%	COM	22266M104
UDMY	UDEMY INC	3,769,762	$22,053	2.4%	$5.83	0.0%	COM	902685106
ANNX	ANNEXON INC	2,958,527	$14,852	1.6%	$3.82	0.0%	COM	03589W102
HNST	HONEST CO INC	3,528,704	$9,104	1.0%	$3.06	0.0%	COM	438333106
CVE	CENOVUS ENERGY INC	536,832	$9,083	1.0%	$17.37	0.0%	COM	15135U109
TALK	TALKSPACE INC	2,215,336	$8,042	0.9%	$3.17	0.0%	COM	87427V103
MITK	MITEK SYS INC	634,099	$6,690	0.7%	$9.45	0.0%	COM NEW	606710200
VPG	VISHAY PRECISION GROUP INC	51,226	$1,972	0.2%	$35.37	0.0%	COM	92835K103
DAVA	ENDAVA PLC	283,076	$1,789	0.2%	$6.32	—	ADS	29260V105

Increased Positions (5)

AUTL AUTOLUS THERAPEUTICS PLC 6.6%

Value ($000) $59,711 (+40.8%) Shares 30,005,343 (+15.3%) Est. Cost $2.05 Unrealized —

LAB STANDARD BIOTOOLS INC 2.7%

Value ($000) $24,689 (+19.2%) Shares 19,288,158 (+21.1%) Est. Cost $1.30 Unrealized +3.4%

CYRX CRYOPORT INC 1.3%

Value ($000) $11,513 (+48.4%) Shares 1,199,225 (+46.6%) Est. Cost $8.75 Unrealized +8.0%

PESI PERMA-FIX ENVIRONMENTAL SVCS 1.3%

Value ($000) $11,566 (+40.4%) Shares 918,673 (+12.6%) Est. Cost $11.05 Unrealized +15.3%

SMRT SMARTRENT INC 0.8%

Value ($000) $7,228 (+79.0%) Shares 3,577,973 (+24.9%) Est. Cost $1.35 Unrealized +21.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AUTL	AUTOLUS THERAPEUTICS PLC	30,005,343 (+15.3%)	$59,711 (+40.8%)	6.6%	$2.05	—	SPON ADS	05280R100
LAB	STANDARD BIOTOOLS INC	19,288,158 (+21.1%)	$24,689 (+19.2%)	2.7%	$1.30	+3.4%	COM	34385P108
CYRX	CRYOPORT INC	1,199,225 (+46.6%)	$11,513 (+48.4%)	1.3%	$8.75	+8.0%	COM PAR $0.001	229050307
PESI	PERMA-FIX ENVIRONMENTAL SVCS	918,673 (+12.6%)	$11,566 (+40.4%)	1.3%	$11.05	+15.3%	COM NEW	714157203
SMRT	SMARTRENT INC	3,577,973 (+24.9%)	$7,228 (+79.0%)	0.8%	$1.35	+21.0%	COM CL A	83193G107

Exited Positions (2)

— HEIDRICK & STRUGGLES INTL IN 6.6%

Value ($000) $60,409 Shares 1,213,762 Est. Cost $35.35 Unrealized —

— PROS HOLDINGS INC 3.6%

Value ($000) $32,382 Shares 1,413,426 Est. Cost $19.50 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	HEIDRICK & STRUGGLES INTL IN	1,213,762	$60,409	6.6%	$35.35	—	—	422819102
—	PROS HOLDINGS INC	1,413,426	$32,382	3.6%	$19.50	—	—	74346Y103

Decreased Positions (1)

DAWN DAY ONE BIOPHARMACEUTICALS I 0.8%

Value ($000) $7,700 (-24.6%) Shares 826,205 (-43.0%) Est. Cost $6.88 Unrealized +21.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DAWN	DAY ONE BIOPHARMACEUTICALS I	826,205 (-43.0%)	$7,700 (-24.6%)	0.8%	$6.88	+21.4%	COM	23954D109

Unchanged Positions (6)

SUPV GRUPO SUPERVIELLE S.A. 5.2%

Value ($000) $47,280 Shares 4,000,000 Est. Cost $6.13 Unrealized —

SKY CHAMPION HOMES INC 18.6%

Value ($000) $169,000 Shares 2,000,000 Est. Cost $28.77 Unrealized +173.9%

AGYS AGILYSYS INC 15.6%

Value ($000) $141,744 Shares 1,192,730 Est. Cost $14.62 Unrealized +723.3%

SKY CHAMPION HOMES INC 13.9%

Value ($000) $126,750 Shares 1,500,000 Est. Cost $28.77 Unrealized +173.9%

YTRA YATRA ONLINE INC 2.4%

Value ($000) $21,663 Shares 12,170,301 Est. Cost $1.96 Unrealized -16.2%

AGYS AGILYSYS INC 4.3%

Value ($000) $38,932 Shares 327,600 Est. Cost $14.62 Unrealized +723.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SUPV	GRUPO SUPERVIELLE S.A.	4,000,000	$47,280	5.2%	$6.13	—	SPONSORED ADR	40054A108
SKY	CHAMPION HOMES INC	2,000,000	$169,000	18.6%	$28.77	+173.9%	COM	830830105
AGYS	AGILYSYS INC	1,192,730	$141,744	15.6%	$14.62	+723.3%	COM	00847J105
SKY	CHAMPION HOMES INC	1,500,000	$126,750	13.9%	$28.77	+173.9%	PUT	830830105
YTRA	YATRA ONLINE INC	12,170,301	$21,663	2.4%	$1.96	-16.2%	ORD SHS	G98338109
AGYS	AGILYSYS INC	327,600	$38,932	4.3%	$14.62	+723.3%	PUT	00847J105